Purchasing Managers Index

The Stanbic Bank Uganda PMI is compiled by IHS Markit from responses to questionnaires sent to purchasing managers in a panel of around 400 private sector companies. The panel is stratified by detailed sector and company workforce size, based on contributions to GDP. The sectors covered by the survey include agriculture, mining, manufacturing, construction, wholesale, retail and services. Survey responses are collected in the second half of each month and indicate the direction of change compared to the previous month. Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration.